Bids shall be accompanied by a bid bond in an amount equal to five percent (5%) of the Bid to insure the execution of the contract for which the bid is made. In case the Bid is not accepted, the bid bond will be returned to the Bidder, but if the Bid is accepted and the Bidder shall refuse or neglect to enter into a contract with the Owner within ten (10) days after the time it has been notified of the acceptance of its Bid, the said bid bond shall be forfeited to the Owner as liquidated damages for the failure to do so. Each Bid must be enclosed in a sealed envelope bearing the title of the Project, the name and address of Bidder. All Bids must be submitted on the bid forms as identified in the Contract Documents and Specifications. A conditional or qualified Bid will not be accepted. Award will be made to the low, responsive, and responsible Bidder as determined in the sole discretion of the Owner. Approved performance and payment bonds guaranteeing faithful and proper performance on the work and materials, to be executed by an acceptable surety company, will be required of the Successful Bidder at the time it executes the contract. The bonds will be in the amount of 100% of the Contract Price and must be in full force and effect throughout the term of the Construction Contract plus a period of twelve (12) months from the date of substantial completion. In addition, a maintenance bond, to be executed by an acceptable surety company, in the amount of 20% of the Contract Price in full force and effect for a period of three years from the date of final acceptance will be required by the Successful Bidder.
No Bidder may withdraw its bid for a period of ninety (90) days after closing time scheduled for the receipt of bids. The Bidding Documents do provide for a liquidated damages clause to insure timely completion of the Project. The Owner reserves the right to accept any Bid, to reject any or all bids, to reject bids that do not meet the qualifications outlined in the Bidding Documents and/or to waive any formalities or irregularities in the bidding process or bids received where such acceptance, rejection or waiver is considered to be in the best interest of the Owner as determined by it in its sole discretion. The Owner further reserves the right to reject any Bid where evidence or information submitted by the Bidder does not satisfy the Owner that the Bidder is qualified to carry out the details of the Bidding Documents. The Owner further reserves the right to reject all bids should the Owner determine in its opinion, based on bids received, that the contemplated construction costs is not economically feasible. GRW Engineers, Inc. Project Administrator, Vee Carter, can be contacted at (317) 347-3650 or vcarter@grwinc.com for questions about ordering Bidding Documents. GRW Engineers, Inc. Project Manager, Darren Wells, P.E., can be contacted at (317) 347-3650 or dwells@grwinc.com for technical questions about this Project.
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